UPDATE: Amazon.com, Inc. (AMZN) Misses Q4 EPS by 6c; Guides Q1 Light of Views
- Wall St drops as Meta Platforms, economic data weigh
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil steady as US demand concerns balance Middle East conflict risks
- Dollar firmer on higher U.S. inflation; yen sinks vs euro, US currency
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Meta Platforms, IBM, Caterpillar fall premarket; American Airlines, Chipotle rise
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
Goldman Sachs Raises Amazon.com (AMZN) PT to $330
January 30, 2013 9:17 AM ESTGoldman Sachs raised its price target on Buy-rated Amazon.com (NASDAQ: AMZN) from $315 to $330 following Q4 results, which missed on the top and bottom-line but showed expanding margins.
"Adjusted CSOI margin was 3.2% versus our forecast of 2.5%. While the slower... More
Deutsche Bank Boosts PT on Amazon.com (AMZN) at Margins Expand For First Time Since Early 2012
January 30, 2013 9:13 AM ESTDeutsche Bank raised its price target on Buy-rated Amazon.com (NASDAQ: AMZN) from $305 to $335 following Q4 results and expanding margins. The firm notes this is the first expansion in margins since early 2010.
The firm comments, "Amazon reported gross profit and EBITDA 10% and... More
CLSA Downgrades Amazon.com (AMZN) to Outperform
January 30, 2013 7:38 AM ESTCLSA downgraded Amazon.com (NASDAQ: AMZN) from Buy to Outperform following results after the close and the subsequent surge in the stock price.
For an analyst ratings summary and ratings history on Amazon.com... More
Evercore Partners Lifts PT on Amazon (AMZN) to $330 on Margin Improvement
January 30, 2013 7:09 AM ESTEvercore Partners analyst Ken Sena raised its price target on Overweight-rated Amazon.com (NASDAQ: AMZN) from $290 to $330 following Q4 results, which missed on revenues although margins accelerated.
The firm notes gross profit dollar growth of 42.5% (vs. 38% estimated) and 37% in the prior year. On this, the analyst comments, "we find the favorable mix shift towards higher gross margin businesses (e.g., 3P and Other/AWS)... More
Amazon.com (AMZN) Jumps Higher After Initial Knee-Jerk Lower
January 29, 2013 4:15 PM ESTAfter an initial knee jerk down on Q4 EPS results, Amazon.com Inc. (NASDAQ: AMZN) is now sharply higher. Shares last traded at $279 versus a price in the $268-range before the close.... More
Amazon.com (AMZN) Down Ahead of Q4 Print
January 29, 2013 3:57 PM ESTAmazon.com Inc. (NASDAQ: AMZN) is down $7.87, or 2.85%, ahead of Q4 results after the close.
The company has missed EPS/revenue views the past two quarters, although the stock is on average 5% higher in the week following results.... More